Online Payday Loans at CashNetUSA

What Is a Payday Loan?

Traditionally, a payday loan was a loan that was repaid on or before the borrower’s next payday. Today, repayment of a payday loan may not always be directly tied to a borrower’s actual payday.

However, what all payday loans have in common is that they are:

Short-Term

Payday loans are usually due on or around the borrower’s next payday. This might be in a week or a month but is rarely much longer than that. Unlike an installment loan, which consists of multiple payments, payday loans usually have just a single payment.

Unsecured

Borrowers don’t need to offer collateral to take out a payday loan. Collateral is something valuable in the borrower’s possession — the deed to a car, for instance. If the borrower fails to repay the loan, the lender seizes the collateral, regaining some or all of their money. Unsecured lending is riskier for the lender, and because of this, unsecured loans are usually for lower amounts and have higher interest rates.

Relatively Smaller

Because they are short-term and unsecured, payday loans are usually for smaller amounts than other types of loans. They are designed to help you deal with immediate financial difficulties while being small enough to pay back relatively quickly.

Why Would I Take Out a Payday Loan?

Like all short-term loans, payday loans are meant to help deal with immediate, emergency financial needs. These might include:

Paying urgent bills

Avoiding overdraft fees

Preventing checks from bouncing

What these three examples have in common is their urgency. Payday loans are a temporary solution to a short-term financial problem; they are not a good way to solve long-term money issues and should only be taken out if you know you can pay them back on time.

What Is Different About CashNetUSA’s Payday Loans?

For one thing, they’re entirely online. Unlike a more traditional payday lender with a storefront location, you deal with CashNetUSA over the Internet. You’ll never have to leave home or wait in line to apply for a loan, and customer service representatives are available 24/7 to answer any questions you may have via phone and online chat.

This has several advantages. First, you can apply for a loan and, if approved, manage and repay that loan from anywhere. With our online loans, you typically get fast lending decisions — sometimes even instantly!

Another of CashNetUSA’s advantages is our transparency. We clearly lay out your rates and terms before you sign your contract so there are no hidden charges or fees. With a CashNetUSA loan, you always know exactly what you’re getting.

Though CashNetUSA does not charge you unexpected fees, you should make sure that you are familiar with the terms of the bank you use to receive and pay back a loan. Your account may be charged by the bank itself based on the withdrawals and overdrafts that might result from your loan repayment.

How Do I Pay Back a Payday Loan?

CashNetUSA uses a repayment method called ACH. Simply put, this is a type of electronic debit in which funds are directly withdrawn from your bank account.

When you fill out your application, you provide CashNetUSA with the routing number of a bank account that belongs to you. If you’re approved for the loan, you can authorize CashNetUSA to withdraw your payment on your due date.

One word of caution! If you do not have enough money to repay on your due date, this might result in overdraft fees and other financial consequences. That is why it is important to consider whether or not to take out a loan and to carefully plan your repayment strategy. If you know you won’t be able to make a payment, call us in advance at 888.801.9075.

What If I Have More Questions?

CashNetUSA is committed to helping its customers understand the terms and details of their loans — check out our FAQs page for general information on our products and services. If you have additional questions, feel free to contact our customer service department at any time. Our representatives are ready to talk over phone, email or chat seven days a week, 24 hours a day!

**Not all loan applications or extension requests are approved. Due to state and verification requirements, not all applicants for online loans may be eligible for instant approval by CashNetUSA or third-party lenders.

***Some customers applying for CashNetUSA or third-party lender loans may be required to submit additional documentation due to state law and qualification criteria.

†CashNetUSA or third-party lender does not perform traditional credit checks as part of its credit transaction approval process, but does verify applicant information via national databases including, but not limited to, Clarity. If you have defaulted on past transactions, you may be declined for a cash advance from CashNetUSA.

‡Maximum funded amount for CashNetUSA or third-party lender loans depends on qualification criteria and state law. See
Rates & Terms
for details.

++Please see
Rates & Terms
to check the availability of online loans and extensions in your state. CashNetUSA is not a lender in all states. In some states, CashNetUSA will (i) act as a Credit Service Organization to arrange a loan between you and a third-party lender, or (ii) in Texas, act as a Credit Access Business between you and a third-party lender.

+++If you are a Payday, CSO/Brokered Payday Loan, or CAB Payday customer, discount will be applied to the initial loan fee, CSO fee, or CAB fee, respectively. If you are an Installment or Installment-Payday customer, the rebate shall be calculated by multiplying the percent discount by the first two scheduled installment payments of your loan. However, the rebate shall not exceed the actual amount of accrued interest paid on the Installment loan or fees paid on the Installment-Payday loan. Rebate shall be paid via bank account ACH credit upon full repayment of the loan, and is contingent upon a minimum of two installment payments made. If you are a CAB/CSO Installment customer, the rebate shall be calculated by multiplying the percent discount off the actual CAB/CSO fees paid on your loan. The loan must be paid in full to receive rebate. Rebate shall be paid via bank account ACH credit upon full repayment of the loan. Discount not valid for the CashNetUSA line of credit or Flex Loan products. Promotions are not available in all states. Please see your state's
Rates & Terms
for additional details. Unless otherwise specified, promo codes must be entered at the time of application, can be used only once, and may not be combined with any other offers or Preferred Member benefits.

1Must be 21 years of age for Mississippi residence and 19 years of age for Alabama and Delaware residence.

Customer Notice: Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.